Banks

Lenders increase borrowing rates by 0.25%; pro-Palestine meeting barred from council venue goes ahead outside in Darlington. Follow updates liveGet our breaking news email, free app or daily news podcastNext week’s federal budget will fund a dedicated national centre to detect and disrupt the evolving threat of online violent extremism and terrorism.The home affairs minister, Tony Burke, will announce the $74m in funding over two years for the project on Wednesday. It is part of the government’s response to the Bondi terror attack in December.A bolstered online threat capability will give AFP and Asio the resources they need to target terrorists and violent extremists online.Just because I, and other people, might find it personally offensive does not mean that governments have unlimited power to constitutionally strike down the right of everybody else to freedom of political communication. Continue reading...

Artist has not yet confirmed whether large statue on plinth in Waterloo Place is by himBanksy’s signature has appeared scrawled at the base of a large new statue in central London.The elusive artist, known for his provocative works of graffiti, has not yet confirmed whether the statue is by him. He often posts confirmation on his website shortly after a work is discovered by the public. Continue reading...

Pair apologise in court after being accused of defrauding buyers including some of New York’s most prominent fine art auction housesA father and daughter in New Jersey have pleaded guilty to running a years-long counterfeiting scheme to trick art galleries and auction houses into buying forged paintings of works by prominent artists such as Andy Warhol, Banksy and Pablo Picasso.Federal prosecutors said Erwin Bankowski, 50, and Karolina Bankowska, 26, commissioned an artist in Poland to create at least 200 of the fakes and ultimately defrauded buyers of at least $2m. Continue reading...

• Florida Gators standout Caleb Banks was selected by the Minnesota Vikings with the 18th overall pick in the recent NFL Draft. • Banks' selection marks a major moment for the Gators program and represents a top-20 draft selection for the defensive player. • The Vikings bolster their defensive roster with the University of Florida standout in their first-round selection.

• Fraud incidents continue climbing at US banks even with substantial spending on advanced detection tools and analytics. • The gap highlights limitations in current tech defenses against evolving fraudster tactics. • This trend matters as it pressures financial institutions to innovate faster, amid rising economic impacts from cyber fraud.

Release of new Claude model, so far limited to US firms, will expand to British institutions in coming daysBritish banks will be given access in the next week to a powerful AI tool that was deemed too dangerous to be released to the public, as a series of senior finance figures warned over its impact.Anthropic, which has so far limited the release of the new model to a small clutch of primarily US businesses, including Amazon, Apple and Microsoft, said it would expand that to UK financial institutions in the coming days. Continue reading...

Six lenders, including Bank of America, Morgan Stanley and JP Morgan report jump in first-quarter earningsBusiness live – latest updatesBig US banks raked in nearly $50bn (£37bn) worth of profits in the first three months of the year, as they benefited from stock market turbulence triggered by the US-Israeli war on Iran.Wall Street’s largest lenders have reported a jump in first-quarter earnings, reflecting the surge in demand for trading services as investors dumped risky stocks and bonds and sought safer havens for their cash. Continue reading...